SOCIOL 2R03 Lecture Notes - Lecture 14: Tertiary Sector Of The Economy, Richard Florida, Secondary Sector Of The Economy
Document Summary
Shifts in work: deindustrialization and the post-industrial phase. The coming of post-industrial society (daniel bell, 1973) The rise of the creative class (richard florida 2002) Primary sector (agricultural and natural resources extraction) 1. 8% and 2. 1% (krahn, et al. Manufacturing: where goods are produced from the raw materials. Line between manufacturing and service is blurred. Mcdonalds counts as service industry, yet its organized as a service line like manufacturing is. The issue is not whether people work in factories or not, but whether they are creating wealth . Manufacturing once delivered high-end value but in current economics, banking has more value and produces more wealth. The larger the geographic space, the more likely there will be significant internal variations. Measuring regional inequality: economic measures (income and unemployment) Use economic measures: income, unemployment rate, or province gdp (gross domestic product) Staples approach: regional differences emerge based on differences in regional endowments of natural resources .
